# folofly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/folofly

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Kyoto-shi, Japan
- Website: www.folofly.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Jan 31, 2023)
- Investors on record: 8

## About

Based in Kyoto, Japan, and founded in 2021, folofly Inc. operates as an automobile company that manufactures automobiles that accelerate the introduction of environmentally friendly trucks and vehicles that can be used for private and business purposes. In January 2023, folofly Inc. raised JPY 1.1 billion in series A funding from SBS Group, Eneos Holdings, etc. As of February 2023, Hiroyasu Koma is the Chief Executive Officer (CEO) of the company. folofly is a manufacturing company that designs and delivers electric vehicles and trucks for personal and commercial use, as well as automobiles that accelerate the introduction of environmentally friendly trucks and vehicles for personal and commercial use. The company plans to use the January 2023 funding to expand its Information Technology infrastructure system, vehicle management system, and new vehicle development.

## Funding rounds

- Series A, Jan 31, 2023, $7.6M — Nippon Venture Capital, Kansai Electric Power, Marubeni, Osaka Gas, SBS Group, Shiga Bank, Kyoto Capital Partners, JXTG Holdings, Inc.

## Investors

- Nippon Venture Capital (https://capitalatlas.ai/funds/nippon-venture-capital) — Series A
- Kansai Electric Power — Series A
- Marubeni — Series A
- Osaka Gas — Series A
- SBS Group — Series A
- Shiga Bank — Series A
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Series A
- JXTG Holdings, Inc. — Series A